How it started
History
As result of Allende's nationalization of the mining industry in the early 1970s Compañía de Acero del Pacífico obtained ownership of the iron mines of El Tofo and El Romeral. Later the ownership of this mine passed to Compañía Minera del Pacífico as it was privatized during the Pinochet dictatorship.
From Wikipedia’s article on CAP S.A., shared under CC BY-SA 4.0.2
